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THOUGHT FOR THE DAY!

"I am strongly in favor of using poisoned gas against uncivilized tribes. The moral effect should be good...and it would spread a lively terror.... "-- Winston Churchill commenting on the British use of poison gas against the Iraqis after World War I

 

Hedge funds may be next

The next wave of failures in the growing U.S. economic crisis is likely to occur in the opaque hedge fund industry, which is facing mounting losses from interconnected contracts that failed or crippled such financial services businesses as Lehman Brothers Holdings Inc. and American International Group Inc.

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